Credit default swaps and borrowers' real earnings management: Evidence from credit default swap initiation
In this study, we examine whether the initiation of credit default swap (CDS) trading alters borrowers' real earnings management activities. Creditors increase debt supply and loosen loan contracts after CDS initiation, which in turn lessens borrowers' pressure to resort to real earnings m...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2023
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sis_research/8037 |
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| Institution: | Singapore Management University |
| Language: | English |